Bitcoin slips under $50K amid warning ‘new player’ Binance whale is pressuring BTC price
What appears to be a “new player” starts flipping $50,000 to resistance after some brief Christmas cheer for Bitcoin bulls.
Bitcoin (BTC) lost $50,000 for the first time in several days on Dec. 26 as exchange inflows caught up with the cautiously optimistic mood.
“New player” beefs up $50,000 sell wall
The pair had reached $51,500 before starting to retrace, this culminating in a dip to $49,644. At the time of writing, Bitcoin was back circling $50,000.
The move came in tandem with a rise in inflows to major exchange Binance, with order book data showing a new wall of resistance being built at $50,000.